Comments for Phoenix Arizona Real Estate Blog

Comment on Is Homeownership Right for You? by Singapore Classifieds

Singapore Classifieds — Wed, 24 Jun 2009 10:57:25 +0000

I would say that home ownership is suitable for all, except the most destitute. The problem lies in buying above your means. Just like in Singapore, in good times many people just buy big homes without second thoughts. When times turn bad, everyone runs for cover.

Comment on Monetizing 8000 Tax Credit: Is Anyone Doing It? by Are Any Lenders Doing The 8000 Tax Credit Monetization?

Are Any Lenders Doing The 8000 Tax Credit Monetization? — Tue, 23 Jun 2009 16:30:30 +0000

[...] have searched and searched for a lender who can help first time home buyers monetize the 8000 tax credit since it was [...]

Comment on Power Ranch celebrates 3,000th home buyer! by Warhol Paintings Fan

Warhol Paintings Fan — Tue, 09 Jun 2009 09:54:58 +0000

3,000 home buyer, wow! Congratulations on that, particularly considering the current climate – glad you’re still going great guys.

Comment on Home Path Mortgages: Great HomePath Mortgage Deals From Fannie Mae by Danell

Danell — Mon, 08 Jun 2009 21:33:43 +0000

Fannie Mae’s website states that if you must have at least 35 down, but i have read where is is 3.5%, the same as FHA. Also, if your credit score is less that 660, you must have 20% down for the HomePath program. Do you know anything about this?

Comment on Home Path Mortgages: Great HomePath Mortgage Deals From Fannie Mae by Justin McHood

Justin McHood — Thu, 04 Jun 2009 20:54:19 +0000

@Angela,

To my knowledge, you can use any type of loan to finance your home and not be disqualified due to financing type.

So yes, you can use the HomePath loan and still be eligible.

That said — be sure to check with your accountant first!

Also, here is a helpful site for many questions similar to this one:

http://www.federalhousingtaxcredit.com/2009/index.html

Justin

Comment on Home Path Mortgages: Great HomePath Mortgage Deals From Fannie Mae by Angela

Angela — Thu, 04 Jun 2009 06:33:35 +0000

I’ve heard that when you use a private loan (something other than FHA) then you are not eligible for the $8000 tax credit Is that true. Then, if I buy a home with the Homepath financing am I still eligible for the $8000 tax credit or not?

Comment on Phoenix Foreclosure Buyers Offered $15,000 Incentive by Missoula Real Estate : Realtors See Better Tmes Ahead, Missoula Real Estate

Missoula Real Estate : Realtors See Better Tmes Ahead, Missoula Real Estate — Wed, 03 Jun 2009 21:29:28 +0000

[...] Phoenix Foreclosure Buyers Offered $15,000 Incentive (phoenixarizonarealestatehomes.com) [...]

Comment on First Time Buyer Gets $8000 Tax Credit by HUD Now Allows You To Use 8000 Tax Credit For Closing Costs | Phoenix Arizona Real Estate Blog

Tue, 02 Jun 2009 17:18:13 +0000

[...] $8,000 BuyerTax Credit [...]

Comment on Friday Update: Wild Ride for Interest Rates this Week! by Daniel | AZ Homes

Daniel | AZ Homes — Sat, 30 May 2009 04:03:42 +0000

I hope the rates stay this low. I’m curious to see what will happen when rates increase. Will prices go lower, because people cannot afford expensive homes? Will they have to reduce the rates to give the market a boost?

Comment on Superstition Lakes – Arizona Condos – Golf Course Views by Golf Course Architect

Golf Course Architect — Tue, 26 May 2009 10:41:25 +0000

Seems like a great golf course. The golf course homes look wonderful.